Public ser­vants will not re­ceive pay raise next year

The China Post - - FRONT PAGE - BY JOHN LIU

Amid a broad eco­nomic slow­down, the Cab­i­net has de­cided that sol­diers, civil ser­vants and public school teach­ers will not re­ceive a raise in 2016, a de­ci­sion that has been ap­proved by the pres­i­dent.

The Di­rec­torate Gen­eral of Bud­get, Ac­count­ing and Sta­tis­tics (

) slashed the 2015 GDP forecast to mere 1.56 per­cent last Fri­day to re­flect the gloomy eco­nomic out­look.

Against this back­drop, the gov­ern­ment has ruled not to hike the min­i­mum wage. The Cab­i­net later had dis­cus­sions over public ser- vants’ wage, and de­ter­mined that there are not suf­fi­cient rea­sons to raise it.

Pres­i­dent Ma Ying-jeou was in­formed of the de­ci­sion when the Cab­i­net pre­sented next year’s gen­eral bud­get.

Con­sid­er­ing the re­cent change in eco­nomic con­di­tions, the Cab­i­net did not al­lo­cate funds for the wage in­crease, and the pres­i­dent sup­port the de­ci­sion, ac­cord­ing to a lo­cal source.

Cab­i­net spokesman Sun Li­hchyun ( ) con­firmed yesterday that a salary in­crease was not in­cluded in the gen­eral bud­get the last time the Cab­i­net held a meet- ing to dis­cuss the sub­ject.

A Cab­i­net com­mit­tee is sched­ule to hold a meet­ing Aug. 20 to de­lib­er­ate on the new bud­get, Sun said, adding that the de­ci­sion will be fi­nal­ized then.

Vice Premier Chang San-cheng ( ) con­curred that the Cab­i­net will pass the gen­eral bud­get on Thurs­day and that “there is no bud­get al­lo­cated for a wage in­crease.”

A Se­ries of Mea­sures to

Boost the Econ­omy

The pres­i­dent re­port­edly gave the or­der to ramp up gov­ern­ment ex­pen­di­ture in an at­tempt to boost the econ­omy. An­nual ex­pen­di­ture will grow 3.1 per­cent to NT$2 tril­lion next year.

The gov­ern­ment plans to ex­pand public in­fra­struc­ture and to pro­mote the na­tion’s tech­no­log­i­cal de­vel­op­ment. The bud­gets al­lo­cated for each of these pur­poses are set to grow 13 per­cent and 4.7 per­cent, re­spec­tively. The amount for the lat­ter will ex­ceed NT$100 bil­lion for the first time.

As the na­tion logged an un­usu­ally low growth in the sec­ond quar­ter, the Cab­i­net will also launch its econ­omy-stim­u­lat­ing pro­gram “Pro­duc­tiv­ity 4.0” ahead of sched­ule.

The Ex­ec­u­tive Yuan will tap the “na­tional de­vel­op­ment fund” to set up a task force that aims to fa­cil­i­tate public and pri­vate sec­tors’ col­lab­o­ra­tion to re­al­ize higher pro­duc­tiv­ity and in­dus­trial trans­for­ma­tion.

Con­sid­er­ing cli­mate change, Pres­i­dent Ma re­quested ad­di­tional bud­get al­lo­ca­tions for next-gen­er­a­tion agri­cul­tural de­vel­op­ment and agri­cul­tural as­sis­tance due to nat­u­ral dis­as­ters.

Given that the hous­ing mar­ket plays a piv­otal role in Tai­wan’s econ­omy, the Cen­tral Bank re­cently re­laxed con­trols on hous­ing cred­its, hop­ing it will re­vi­tal­ize the real es­tate mar­ket.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.